Major Rating Factors:
History of adequate reserve strength (5.0 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Strong long-term capitalization index (7.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2022. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent overall results on stability tests (7.6). Stability strengths include excellent operational trends and excellent risk diversification. Weak profitability index (2.6) with operating losses during 2022. Average return on equity over the last five years has been poor at -2.6%.
Stability Factors:
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (83.9%), homeowners (11.4%), other (4.7%)
Licensed in:
FL, GA, TN
Principal Investments:
Investment grade bonds (73.8%), common stock (3.1%), cash (0.2%), other (23.0%)
Corporate Info
Group Affiliation
Auto Club Ins Association Group
Investment Rating
--
Company Address
9125 Henderson Road
Tampa, FL 33634
Tampa, FL 33634
Phone Number
(800) 289-1325
NAIC Number
41041
Website
Largest Affiliates
